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As you probably know or will learn as the class progresses, some of the management practices used in organizations today are not ideally suited for monitoring and controlling project finances.
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The objectives of this individual project are twofold:
- First, to investigate management practices used by your organization and to identify issues that may detract from the organization’s ability to optimally monitor and control project finances.
- Second, to propose changes to these management practices to help resolve these issues and explain how these proposed changes will optimize project financial monitoring and control efforts.
You will develop a Project Financial Monitoring and Control proposaldocumenting these efforts, making use of: (1) this course and past project management and financial management coursework;(2) your own professional experience;(3) knowledge and experience resident in yourorganization; and (4) additional research. The majority of the coursework pertaining to this assignment will be covered in sessions 1 through 5. This assignment is due in session 10.
A template for the proposal will not be provided. If it hasn’t happened already, you should expect, at some point in your career, to develop a white paper, a proposal, or some other type of document with only a final objective or two for guidance. You are free to organize the proposal as you see fit as long as the following particulars are included: (1) a statement describing the organization type (e.g., state, local, or federal government, etc.);(2) a discussion of the organization’s business line(s); (3) and a discussion of the organization’s strategic objectives
